Atlas Copco completes acquisition of Geawelltech
Stockholm, Sweden, February 3, 2014: Atlas Copco, a leading provider of sustainable productivity solutions, has closed the acquisition of Geawelltech, which sells, rents out and manufactures well- and geotechnical drilling equipment.Gruv Entreprenad Anläggning Welltech System AB, based in Jonsered, Sweden, has annual revenues of about MSEK 90 (MUSD 14). Geawelltech has for many years been an Atlas Copco distributor of well- and geotechnical drilling equipment, and the majority of revenues are generated from this business. The company also manufactures drilling rigs suitable for a wide range
